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Spain: Telefonica feels the heat for pay-TV buyout

 |  November 13, 2014

Spain’s competition authority, the CNMC, announced Thursday that it is launching an in-depth investigation into Telefonica’s most recent buyout plans.

The leading telco reached an agreement to acquire a 56 percent stake in pay-TV operator Canal+, boosting its shareholdings to fully control the company. Telefonica would acquire the assets from their current owner, media conglomerate Prisa.

But the CNMC said Thursday that the takeover “could significantly hinder competition in the markets related to paid television, audiovisual content and electronic communications services.”

Full content: Euronews

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